Sammy has a drone that he values at 1500 dean values the, Ask an Expert

Economics

Sammy has a drone that he values at? $1,500. Dean values the same drone at? $2,000. Sammy decides to sell the drone to Dean for? $1,800. If the government imposes a? $250 tax on the sale of? drones,

A. the tax yould cause the deadweight loss of $500 B. Sammy and Dean would still be able to complete the transaction C. Sammy and Dean would not be able to complete the transactoin. D. Both A and C are correct

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M92000267

Have any Question?Write your Review or question?

Related Questions in Business Economics

Why are common stock and bond yields important what happens

Why are common stock and bond yields important? What happens if bond interests aren´t paid and what is the difference between common stock and bond investors?

You are interested in comparing perceptions of police

You are interested in comparing perceptions of police officers by race (African American, Hispanic/Latino, White) in Phoenix. You have collected data from a sample of Phoenix residents and asked them to make a survey tha ...

Suppose that serendipity bank has excess reserves of 12000

Suppose that Serendipity Bank has excess reserves of $12,000 and check able deposits of $150,000. If the reserve ratio is 20 percent, what is the size of the bank's actual reserves?

A local postal carrier distributes first-class letters

A local postal carrier distributes first-class letters, advertisements, and magazines. For a certain day, she distributed the following number for each type of item. Delivered to First Class Letters Ads Magazines Home ...

Suppose in equilibrium and in a closed economy at the point

Suppose, in equilibrium and in a closed economy, at the point of tangency between the iso-value line and the ppf, we observe that MPLf= 8 MPLm= 2 and PM=1 what is Pf? what is the wage?

Suppose that a b and c are events in a sample space s such

Suppose that A, B and C are events in a sample space S, such that: • A and B are equally likely; • C is four times as likely as B; • B and C are independent; • if either B or C occurs, then A cannot occur; • at least one ...

The mean distance commuters drove to work each day was

The mean distance commuters drove to work each day was estimated to be 40.8 miles from a sample of 45 commuters. The sample standard deviation was 5.8 miles. Assume that the distance commuters drive to work each day are ...

A investment1 the following relates to the choices firms

A. Investment 1. The following relates to the choices, firms can make regarding the allocation of profits. (a) Outline the broad choice available to firms when deciding to allocate profits. (b) Do increases in profits in ...

Suppose demand and supply are given byqdxnbsp 14 - 05

Suppose demand and supply are given by: Q d x = 14 - 0.5 P x and Q s x = .25 P x - 1 a) Determine the equilibrium price and quantitiy. b) Suppose a $12 excise tax is imposed on the good. Determine the new equilibrium ...

Suppose that for a given patient the true ef is 63 consider

Suppose that, for a given patient, the true EF is 63. Consider the population of EF values that can be estimated on that patient using option II above. That population follows a normal distribution with μ= 63. Find the p ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert